Shares of Pioneer Acquisition I Corp. (NASDAQ:PACH – Get Free Report) were up 0.1% during trading on Thursday. The company traded as high as $10.41 and last traded at $10.4050. 232,755 shares changed hands during mid-day trading, an increase of 8% from the average daily volume of 215,234 shares. The stock had previously closed at $10.39.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Pioneer Acquisition I from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Pioneer Acquisition I currently has an average rating of “Sell”.
View Our Latest Analysis on PACH
Pioneer Acquisition I Stock Up 0.1%
The firm has a fifty day moving average price of $10.35 and a 200 day moving average price of $10.24.
Pioneer Acquisition I (NASDAQ:PACH – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported $0.07 earnings per share for the quarter.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of PACH. Deltec Asset Management LLC acquired a new stake in Pioneer Acquisition I in the 3rd quarter valued at about $104,000. Sona Asset Management US LLC bought a new position in Pioneer Acquisition I during the first quarter worth about $1,125,000. Finally, Context Capital Management LLC bought a new position in Pioneer Acquisition I during the third quarter worth about $1,556,000.
Pioneer Acquisition I Company Profile
Pioneer Acquisition I Corp. is a special purpose acquisition company (SPAC) that was formed to identify and complete a business combination with one or more operating companies. Rather than conducting ongoing commercial operations, the company’s principal activity is evaluating potential merger, acquisition, or similar transactions.
As a blank-check company, Pioneer Acquisition I does not have a portfolio of proprietary products or services, and its business depends on locating a suitable target and obtaining the required approval from shareholders and other stakeholders.
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